I have solved an integer programming problem using the price-and-branch (not branch-and-price) approach exactly as same as described in this question and obtained a feasible solution. As this approach is heuristic, I would like to evaluate the quality of my solution or examine how far it is from the global optimum solution. How can I do this?
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Assuming your problem is minimization, the step of solving the master LP yields a global lower bound, from which you can compute an optimality gap for your integer feasible solution.
RobPratt
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